Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1887-05-19
BONDS FOR employees.
MANY MILLIONS RlSkED ON MANS
HONESTY BY CORPORATIONS.
A Novel Insurance business Which Has
Grown in Recent Ycars-Insurance
Against tho Dishonesty of Employees.
4 Separate Branch.

Tho newest insurance of all is the most
interesting, principally because 1t
is the newest Isuspcct 1t is insurance against
thieves
know of no more cheering sign in the COM
mcirial skir, of to-day than the establishment
of these companies, know of nothing SO
crr,iitahio to humanity as their great success.
| know of no presentation that SO concluSivcly
AMI tHtly contradict. the peS>imists and
grow lrr> who imagine humanity to he retro
grading and morality to ho waning, than the
annual report OF these companies for the year
Just closed. To u>o 4 honely, expressive
phrase, these concerns gamble on the honesty
Of man.
They are l;,Srl ON the s'Ippositon that tho
average man is honest, and that tha bulk Of
humanity is made hp uf men ana women who
will not steal. lfthe pe>SilniStS were right, alu
there was merely one such company founded
by n rrcdulous pallanthr0pSt, he would Soon
BE- bankrupt, ;.nl the narrow heads would
huNc their lau},h but 1t is not so. There are,
Us has been shown, nlanE surh companies, and
the president OF on" OF the lar"cst and most
cntrrpti,in.s ones t"l me recently that out of
12,n)O risk in lSSi there w"l" only iOl cases
of prrulation, not all of which hy any'mcana
briu:. distinctly and wholly criminal
"Whu pay, for this-thc companies or the
employees, AMI do You give bonds Tor all il. II
lump just as they come, thieves and honest
men a,ni all, without scrltiy:' These were
the natural questions,
Sometimes the companies pay for the guar
nlltrr-. it seems, and sometimes the employees
pay In other cases an arrangements is made
lv which master and man share and share
nlik in the expense.
Frequently a railroad company, tired of
til, uncertainties and defect, of the Oil fash
ionrI personal friend hon!ing system, re
solve, tu do away with ii and substitute the
new and purely hIl>ineSs like plan. II goes
to the hopIins company and makes con
tract cuvrlin: all employees who handle the
money of The company Tic bonding ,r3m-
pally srnG> Il printed blank, very like the APP
plicaitS formula for iln Insurance com
lpauv, to each "mplnrc, and h" writes out the
answers and sends it back In his replies h.
gives references rs to his character and the
names Of former employers II would he
very hclpll, il Er should ever tIlrn oUt to hn
dishonest. to have hal him send his phutD-
graph and closr physical description OF Elnl-
self hrlt these the bonding company may not
ask hin for. IT has No right To presume that
lo will som" day b" dishonest. AS the filled
cat formulas come in, the bo.Idng company
Investigates each man, references very care
fully. Now and then n is obliged to notify
the employing corporation that il VII. not
give a bond for this, that or the other man
bncHusc his references havo not been salts
factory. 1t is fair t. presume that in such
cases the unfprLuuaI"> are discharged, but
their diS'haTSn is not asked for 10y tho iMsur-
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